Dimensional Fund Advisors LP Has $67.81 Million Stock Holdings in Box, Inc. (NYSE:BOX)

Dimensional Fund Advisors LP lifted its stake in shares of Box, Inc. (NYSE:BOX) by 9.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,564,668 shares of the software maker’s stock after buying an additional 229,314 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BOX were worth $67,809,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of BOX. Vanguard Group Inc. lifted its stake in shares of BOX by 14.9% during the 1st quarter. Vanguard Group Inc. now owns 17,313,882 shares of the software maker’s stock worth $490,329,000 after buying an additional 2,249,082 shares during the last quarter. Principal Financial Group Inc. increased its position in BOX by 4,889.2% during the first quarter. Principal Financial Group Inc. now owns 813,234 shares of the software maker’s stock worth $23,031,000 after acquiring an additional 796,934 shares during the period. Sivia Capital Partners LLC bought a new position in BOX during the fourth quarter worth about $19,606,000. Earnest Partners LLC increased its position in BOX by 10.5% during the first quarter. Earnest Partners LLC now owns 7,340,474 shares of the software maker’s stock worth $207,882,000 after acquiring an additional 699,882 shares during the period. Finally, Sei Investments Co. increased its position in BOX by 26.1% during the fourth quarter. Sei Investments Co. now owns 2,532,133 shares of the software maker’s stock worth $64,848,000 after acquiring an additional 523,872 shares during the period. Institutional investors and hedge funds own 86.74% of the company’s stock.

Analyst Ratings Changes

BOX has been the topic of a number of recent research reports. UBS Group raised their price target on shares of BOX from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Monness Crespi & Hardt raised shares of BOX to a “hold” rating in a research report on Friday, August 16th. Citigroup raised their price target on shares of BOX from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, August 28th. Royal Bank of Canada reissued an “underperform” rating and issued a $21.00 target price on shares of BOX in a report on Wednesday, August 28th. Finally, StockNews.com raised shares of BOX from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, BOX presently has a consensus rating of “Moderate Buy” and an average price target of $31.22.

Insider Buying and Selling

In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Dylan C. Smith sold 13,000 shares of BOX stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $32.89, for a total transaction of $427,570.00. Following the sale, the chief financial officer now directly owns 1,500,661 shares in the company, valued at approximately $49,356,740.29. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Eli Berkovitch sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $25.25, for a total transaction of $63,125.00. Following the completion of the transaction, the vice president now owns 147,232 shares in the company, valued at approximately $3,717,608. The disclosure for this sale can be found here. Insiders have sold a total of 73,260 shares of company stock worth $2,113,560 in the last ninety days. Company insiders own 4.10% of the company’s stock.

BOX Trading Up 1.1 %

Shares of BOX stock opened at $32.76 on Friday. The firm has a market capitalization of $4.73 billion, a PE ratio of 44.87 and a beta of 0.85. The firm’s 50 day moving average is $30.02 and its 200 day moving average is $27.96. Box, Inc. has a 1 year low of $23.29 and a 1 year high of $33.95.

BOX (NYSE:BOX) last announced its quarterly earnings results on Tuesday, August 27th. The software maker reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. BOX had a net margin of 13.94% and a negative return on equity of 14.41%. The company had revenue of $270.04 million for the quarter, compared to analyst estimates of $269.52 million. During the same period in the previous year, the firm posted $0.01 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts anticipate that Box, Inc. will post 0.23 earnings per share for the current year.

BOX Profile

Box, Inc provides a cloud content management platform that enables organizations of various sizes to manage and share their content from anywhere on any device. The company's Software-as-a-Service platform enables users to work with their content as they need from secure external collaboration and sharing, workspaces and portals, e-signature processes, and content workflows improving employee productivity and accelerating business processes.